6min chapter

Business Processes Simplified Podcast cover image

The Profit First System with Mike Michalowicz

Business Processes Simplified Podcast

CHAPTER

How to Control Your Food Consumption

David Frum: Start off with making a fundamental change, which is what I loved about profit. Most businesses have one primary check account for the bank and they pay their bills from it. That's the equivalent of one massive plate. With profit first, we're going to set up multiple small plates. We're going to carve it up. It's not money that's pushed back into business as an expense. The most important employee compensation is normalized salary.

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